Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
LinkedIn (
LNKD) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day down 0.6%. By the end of trading, LinkedIn fell $1.83 (-1.6%) to $111.17 on light volume. Throughout the day, 1.2 million shares of LinkedIn exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $109.80-$113 after having opened the day at $112.83 as compared to the previous trading day's close of $113. Other companies within the Internet industry that declined today were:
Synacor (
SYNC), down 7.5%,
Renren Inc ADR (
RENN), down 6.2%,
QuinStreet (
QNST), down 6%, and
ClickSoftware Technologies (
CKSW), down 5.4%.
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LinkedIn Corporation operates an online professional network. LinkedIn has a market cap of $9.86 billion and is part of the technology sector. The company has a P/E ratio of 754.3, above the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate LinkedIn a buy, no analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates LinkedIn as a
sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
First Trust Dow Jones Internet Idx (
FDN) while those bearish on the internet industry could consider
ProShares Ultra Short Technology (
REW).
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